118 SW 7th St Delray Beach, FL 33444
Downtown Delray Beach NeighborhoodEstimated payment $4,580/month
Total Views
32,464
--
Bed
--
Bath
2,016
Sq Ft
$347
Price per Sq Ft
Highlights
- Impact Glass
- Central Heating and Cooling System
- Ceiling Fan
- Tile Flooring
About This Home
Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,800/month and a vacant 4BR/2BA unit with a $4,000-$4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won’t last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in Delray Beach!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,073
Year Built
- Built in 1956
Parking
- 10 Parking Spaces
Home Design
- Duplex
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,016 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
- Impact Glass
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 2 Units
- Nichols 1St Add To Delray Subdivision
Listing and Financial Details
- Assessor Parcel Number 12434620070000100
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,074 | $427,151 | -- | -- |
| 2023 | $7,292 | $345,092 | $185,635 | $233,651 |
| 2022 | $6,361 | $313,720 | $0 | $0 |
| 2021 | $4,570 | $218,001 | $70,000 | $148,001 |
| 2020 | $4,224 | $200,170 | $62,500 | $137,670 |
| 2019 | $3,944 | $186,856 | $54,500 | $132,356 |
| 2018 | $3,465 | $159,679 | $48,534 | $111,145 |
| 2017 | $3,563 | $161,272 | $40,445 | $120,827 |
| 2016 | $2,561 | $90,688 | $0 | $0 |
| 2015 | $2,129 | $82,444 | $0 | $0 |
| 2014 | $1,955 | $74,949 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2025 02/21/25 | For Sale | $700,000 | +775.0% | $347 / Sq Ft |
| 07/25/2012 07/25/12 | Sold | $80,000 | -79.7% | $44 / Sq Ft |
| 06/25/2012 06/25/12 | Pending | -- | -- | -- |
| 06/06/2006 06/06/06 | For Sale | $395,000 | -- | $219 / Sq Ft |
Source: BeachesMLS (Greater Fort Lauderdale)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Certificate Of Transfer | $400 | -- | |
| Certificate Of Transfer | $400 | -- | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $495,000 | None Listed On Document | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $190,000 | Florida Title & Guarantee Ag | |
| Warranty Deed | $80,000 | Corporate Title Inc | |
| Warranty Deed | $320,000 | -- | |
| Warranty Deed | $172,000 | Coast To Coast Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $535,000 | Construction | |
| Previous Owner | $535,000 | Construction | |
| Previous Owner | $256,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $163,400 | Purchase Money Mortgage |
Source: Public Records
About the Listing Agent
Originally from Long Island, New York, I've resided in Boca Raton, Florida for the past 15 years. Since getting my license in 2019, I've had the privilege of helping homeowners & businesses in South Florida with their real estate needs. My team's involvement in real estate decision making processes typically results in maximizing returns, increased personal equity, and increased client satisfaction/retention.
Clients usually hire me when they look to:
- Evaluate their current and
David's Other Listings
Source: BeachesMLS (Greater Fort Lauderdale)
MLS Number: F10488304
APN: 12-43-46-20-07-000-0100
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All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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